DXC Technology (NYSE:DXC) SVP Sells $37,875.00 in Stock

DXC Technology Company. (NYSE:DXC) SVP Christopher Anthony Voci sold 2,500 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $15.15, for a total transaction of $37,875.00. Following the sale, the senior vice president directly owned 88,605 shares of the company’s stock, valued at $1,342,365.75. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

DXC Technology Trading Down 0.6%

DXC stock traded down $0.10 during trading on Friday, hitting $15.14. The company had a trading volume of 2,956,866 shares, compared to its average volume of 1,833,076. DXC Technology Company. has a 52-week low of $11.82 and a 52-week high of $23.75. The company has a 50 day simple moving average of $13.38 and a 200-day simple moving average of $14.12. The firm has a market capitalization of $2.64 billion, a P/E ratio of 7.46 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.71.

DXC Technology (NYSE:DXC) last issued its earnings results on Friday, October 31st. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.17 billion. DXC Technology had a net margin of 2.93% and a return on equity of 17.83%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. As a group, research analysts forecast that DXC Technology Company. will post 3.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

DXC has been the topic of several research reports. Wall Street Zen upgraded DXC Technology from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Susquehanna set a $14.00 price target on DXC Technology and gave the company a “neutral” rating in a research note on Friday, October 31st. Stifel Nicolaus decreased their price objective on DXC Technology from $15.00 to $14.00 and set a “hold” rating for the company in a report on Friday, October 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of DXC Technology in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of DXC Technology from $18.00 to $14.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 20th. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, DXC Technology has an average rating of “Reduce” and an average price target of $15.00.

Hedge Funds Weigh In On DXC Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in shares of DXC Technology by 240.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,737 shares of the company’s stock valued at $27,000 after buying an additional 1,227 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of DXC Technology by 38.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,814 shares of the company’s stock worth $38,000 after buying an additional 778 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of DXC Technology during the 2nd quarter worth approximately $39,000. Rothschild Investment LLC lifted its position in DXC Technology by 609.8% during the third quarter. Rothschild Investment LLC now owns 2,981 shares of the company’s stock valued at $41,000 after acquiring an additional 2,561 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in DXC Technology by 187.3% in the second quarter. Signaturefd LLC now owns 3,054 shares of the company’s stock valued at $47,000 after acquiring an additional 1,991 shares in the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).